Insider Selling: Gregory Evans Sells 13,333 Shares of Carrizo Oil & Gas Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Gregory Evans sold 13,333 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $41.78, for a total value of $557,052.74. Following the transaction, the vice president now directly owns 52,574 shares in the company, valued at approximately $2,196,542. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.29% during mid-day trading on Friday, hitting $43.03. 1,070,652 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52-week low of $19.47 and a 52-week high of $42.50. The stock has a 50-day moving average of $36.38 and a 200-day moving average of $30.28. The company has a market cap of $1.759 billion and a P/E ratio of 21.17.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.73 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.64 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, October 4th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Miller Tabak initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Carrizo Oil & Gas from $32.00 to $45.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Carrizo Oil & Gas currently has an average rating of “Buy” and an average target price of $35.45.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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